Showing 1 - 10 of 1,242
stability objectives and to examine the impact of economic stability on economic growth. A model of simultaneous relation was … applied to analyze the data. The study found that there is a trade-off relationship between internal stability and external … priority attention should be given to internal stability. …
Persistent link: https://www.econbiz.de/10011141050
We examine stability of competitive equilibrium in an N-country world economy with capital accumulation, where each … sufficient condition for stability is shown as positive definiteness of a simple matrix. The condition requires that any positive …'s wealth accumulation. In the presence of a DMI country, the number of countries should be sufficiently small for stability …
Persistent link: https://www.econbiz.de/10010128916
The recent crisis has spurred the use of bank stress tests as a crisis management and early warning tool. However, a weakness is that current stress tests are based on consolidated balance sheets, and thus omit potential risks embedded in banking groups’ geographical structures by assuming...
Persistent link: https://www.econbiz.de/10011046546
find that two steady-state solutions exist. The local stability and sensitivity analysis show that both equilibria are …
Persistent link: https://www.econbiz.de/10008620594
How has the European monetary integration, with the creation of the EMU, affected the stability and volatility of … foreign exchange? In order to answer this question, stability and volatility measures are defined and calculated. We then use … these to investigate the changes in the stability and volatility of 16 European currencies, and in the volatility of the …
Persistent link: https://www.econbiz.de/10005652009
Information and Communication Technology (ICT) has become a major driver of investment and growth in OECD countries. The analysis puts the focus on key developments in the ICT sector and international outsourcing dynamics as well as the specific role of ICT in the financial sector. One can show...
Persistent link: https://www.econbiz.de/10008540464
In this study, we first review the bifurcation phenomena in dynamic economic systems and point out the importance of bifurcations together with a summary of the common types of bifurcations which have been encountered in economic research. Although bifurcation analysis is a relatively new...
Persistent link: https://www.econbiz.de/10009430886
development of a methodology that, based on the concepts of asymptotic stability and accumulated deviations from equilibrium (ADE … tool for practitioners specializing in the stability analysis of systems with complex dynamics, especially those with … particular state variable of the system, such as inventory, implies asymptotic stability for that variable. The stabilization …
Persistent link: https://www.econbiz.de/10009431072
By constructing a unique international database on generalized trust covering 142 countries worldwide for the 41 years from 1980 to 2020, this paper finds a pronounced intertemporal variation of generalized trust over time in a majority of countries across the globe. 3 When analyzing the time...
Persistent link: https://www.econbiz.de/10015271878
In this paper we analyze equilibrium determinacy in a sticky price model in which the pass-through from policy rates to retail interest rates is sluggish and potentially incomplete. In addition, we empirically characterize and compare the interest rate pass-through process in the euro area and...
Persistent link: https://www.econbiz.de/10013370035